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AI to have greatest impact on algo optimisation in equity trading, report finds

The TRADE

According to the study, 78% of buy-side equity traders predict that this area will see the most benefits, with 61% also foreseeing impacts on venue selection, and 50% on broker and strategy choices.

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Hidden Road receives FINRA broker-dealer approval

The TRADE

Prime broker Hidden Roads subsidiary, Hidden Road Partners CIV US LLC has been granted approval by the Financial Industry Regulation Authority (FINRA) to operate as a FINRA-member broker-dealer. Read more: Ripple becomes first crypto business to own a global multi-asset prime broker as it picks up Hidden Road for $1.25

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Algo advances create overlap between US equities’ single-stock and program trading

The TRADE

Single-stock trading and program trading in US equities are becoming increasingly interlinked, as advances in algorithmic trading blur the lines between the two. Between workflow innovation and good old-fashion inflation, the definition of program trading itself is now in flux. constituents.

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Clear Street taps Bank of America for new head of clearing

The TRADE

New York-based Tufano brings more than 20 years of industry experience to his new position, which will see him working towards delivering a robust clearing platform and client experience alongside the firm’s trading, risk, operations, technology and client service teams. He is also set to oversee the business’ margin, collateral and settlement processes. (..)

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People Moves Monday: SIX, Marex, Liquidnet and more…

The TRADE

London-based Eryuksel most recently spent 15 years at UBS – predominantly in senior sales and equity trading roles before heading up the business development of UBS’ outsourced trading platform across EMEA.  At UBS he also served as trading back-up for the London multi-asset trading desk.

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Redburn Atlantic execution teams undergo redraft with four additions and three departures

The TRADE

Redburn Atlantic’s global execution teams have undergone a redraft with the addition of four new individuals alongside three departures, The TRADE can reveal. The move follows Redburn Atlantic’s winning Best Agency Broker at The TRADE’s inaugural 2024 Leaders in Trading New York Awards in November.

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The rebundling conundrum

The TRADE

In May, the UK’s Financial Conduct Authority’s (FCA) implemented new rules allowing fund managers to pay for research with a joint payment option, essentially allowing for the ‘bundling’ together of payments for trade execution and research.